This 45-minute lesson plan is designed to help students to:
- Understand the relationship between compound interest and its influencing factors
- Recognize the effects of compound interest in savings and in debt
- Develop long-term savings strategies
- Estimate investment earnings with the Rule of 72
Please note: Lesson plans incorporate videos, presentations and handouts from the It’s a Money Thing 48 Topics library. If you are a 12 or 24 Topics subscriber, you’ll need to check that you have the content packs required.
In addition to the elements included in the downloadable PDF below, you will need:
- VIDEO 06—Compound Interest Mind Bend
- VIDEO 22—The Rule of 72
- HANDOUT 06—Compound Interest Mind Bend
- HANDOUT 22—The Rule of 72
Lesson plans are provided for both U.S. and Canadian credit unions.